The European Banking Authority (EBA) has launched a consultation on draft regulatory technical standards (RTS) specifying the operational ...

As financial services organizations adapt their business models and processes to take advantage of technology advances, operational risk management practices also may have to undergo reevaluation to ...

Regulators' revised Basel operational risk capital framework makes it easier for the largest U.S. banks, known as Category I and II firms, to calculate how much unborrowed money they must hold to ...

Banks need to record what has actually gone wrong: failed processes, frauds, system failures, legal events and other ...

The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...

On August 20, 2015, the Office of the Superintendent of Financial Institutions (OSFI) released Draft Guideline E-21: Operational Risk Management (Draft Guideline) for comments. With the Draft ...

HERNDON, Va.--(BUSINESS WIRE)--The Global Resilience Federation’s (GRF) Business Resilience Council (BRC), a group focused on mitigating systemic threats to business operations, launched the ...

Recently, I spoke with several clients who had attended mortgage industry conferences. Each one of them pointed out the very same fact: Operational risk and regulatory compliance are the most ...

HERNDON, Va.--(BUSINESS WIRE)--The Global Resilience Federation’s (GRF) Business Resilience Council (BRC) has published the Operational Resilience Framework (ORF) after more than a year of development ...

Operational risk management encompasses the identification, assessment, monitoring and mitigation of losses arising from inadequate or failed internal processes, people, systems or external events.

Operational risk is the risk of losses caused by flawed or failed processes, policies, systems, people or events that disrupt business operations. Unlike financial and market risks, which stem from ...